The FXY $118 January put trade reached its target today and was sold for $2.00. FXY is trading down to $116.50. The trade ended Code Green. Reasons for the trade are:
- Move down in FXY has been drastic, making a snap back of any sort likely
- Bank of Japan is meeting on the 19th and 20th creating volatility.
- First time a Trading Futures ETF Options trade reached Code Green Status
Previous options trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
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